Litecoin, the Preferred Payment Currency?

Litecoin has many advantages over Bitcoin and many other currencies, making it in a strong position, the most important of which is its usability. Although it can be used in other applications such as blockchain-based smart contracts, LTC is currently the only cryptocurrency that is designed and technically available as a currency. This means that it can be used as a normal fiat currency.

I’d like to think of Bitcoin currency as the best coin to really use as a value reserve. Ethereum is a platform that is only affected by the number of dApps and smart contracts running on its network, and Bitcoin Cash lags behind due to the lack of commitment to implement SegWit and LN. This makes LTC a pioneer in providing a micropayment digital currency platform.

The number of payment services and commercial tools that utilize Litecoin continues to increase, indicating that payments are mainly made at LTC in the future. Earlier this year, litecoin news about Amazon and Starbucks using Litecoin for payment have been published, proving that Litecoin provides a viable network for global cryptocurrency payment systems. If any of them appear, the value of Litecoin (LTC) and price of lite stock may increase significantly.

In summary, some of the advantages of Litecoin quickly becoming the preferred payment currency and gaining huge profits in the future are:

1.Although Bitcoin (and Ethereum) has difficulties in solving network problems, Litecoin offers one of the faster and cheapest deals. It is the first network to implement Segregated Witness (SegWit) and Lightning Networks.

2.Litecoin is primarily a payment coin; its network is fast and inexpensive, and can be used in small homes and small shops. Bitcoin will be used as a store of value.

3.The rapid growth of the market offering LTC payment options may drive the spread of coins to the general public.

Once the Litecoin becomes a payment currency, the litecoin value will be immeasurable.